Range Rovers and Porsches top the list.
What's on your Christmas list this year? For me it's a Peugeot 205 GTI and a Porsche 991 911 GT3... wishful thinking, I know.
With one of those (guess which), I'm following a tend across the nation, because a new study has revealed that Porsches – along with Range Rovers – are the most desirable cars for those looking to get a new car over the festive period.
It's Range Rovers that are the most popular, followed by the German brand, with Mercedes-Benz, Audi and Ferrari rounding off the top-five most popular marques, according to car finance experts JBR Capital. It also revealed that in December owners of high-end cars tend to release equity in their cars in order to free up money for Christmas – as many as 40 percent of owners do this.
The Christmas period is also one where more higher-value finance deals on cars are made with a number of prestige cars bought as gifts. "We have seen the same pattern year-on-year, with Range Rovers seemingly one of the favourite prestige purchases ahead of Christmas; a marque which is also popular with our customers during the rest of the calendar year," said Darren Selig, Executive Chairman at JBR Capital.
"Many clients like to splash out on gifts for loved ones in December, which to some may seem flashy but it is made possible through bespoke financing, and we pride ourselves on our competitive, tailored approach. So rather than having to find the cash, costs can be spread over time," he added.
"On the other hand, equity release peaks in December, as this can be a very expensive time of year for everyone. Whether it’s buying presents, planning travel abroad or investments in property, releasing cash tied up in classics or supercars – vehicles that may be appreciating in value – can be a very smart move."